.jpg)
5 hours ago
2
Article content
(Bloomberg) — Tesla Inc.’s shipments from its Shanghai factory resumed their decline, adding weight to expectations that the Elon Musk-led automaker faces a challenging final quarter for global sales.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
The US electric vehicle giant’s shipments totaled 61,497 units in October, down almost 10% from a year earlier, according to preliminary data released by China’s Passenger Car Association on Tuesday. The figures don’t specify the split between exports and domestic sales, but the majority of the vehicles will go to customers in China.
Article content
Article content
Article content
Tesla’s momentum is fading globally as demand in Europe languishes and the carmaker struggles with an uncertain outlook in the US following the end of tax credits that helped push sales to a record in the third quarter.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
The firm recently introduced new versions of its top-selling models priced at under $40,000 in an effort to boost demand. But they offer less battery range and are stripped of features including ambient interior lighting and a second-row screen.
Article content
Chinese carmakers had a mixed October. Some like Zhejiang Leapmotor Technology Co. and Geely Auto hit new monthly sales records. Meanwhile, domestic heavyweight BYD Co. posted another drop in sales that cemented its position as No. 2 in the Chinese market for a second month.
Article content
Tesla is on course to chalk up another annual decline in global sales. The carmaker is forecast to sell 1.64 million vehicles, including 445,111 units in the fourth quarter, according to estimates compiled by Bloomberg.
Article content
The final months of the year are typically among the busiest for automakers in China as they push to meet their annual sales targets.
Article content
Total new-energy vehicle sales in China rose 16% to 1.61 million units, according to the PCA.
Article content
English (US)